A Quote by Cliff Asness

Hedge funds are investment pools that are relatively unconstrained in what they do. They are relatively unregulated (for now), charge very high fees, will not necessarily give you your money back when you want it, and will generally not tell you what they do. They are supposed to make money all the time, and when they fail at this, their investors redeem and go to someone else who has recently been making money. Every three or four years they deliver a one-in-a-hundred year flood. They are generally run for rich people in Geneva, Switzerland, by rich people in Greenwich, Connecticut.

Cliff Asness

Quote Topics

Back Back When Been Charge Connecticut Deliver Else Every Fail Fees Flood Four Four Years Funds Generally Geneva Give Go Greenwich Hedge Hedge Fund High Hundred Investment Investors Make Making Making Money Money Necessarily Now People Recently Redeem Relatively Rich Rich People Run Someone Supposed Switzerland Tell Three Time Very Want Will Year Years Your

Quote Author

Cliff Asness
Born: October 17, 1966

Hedge funds are not especially liquid. Many are 'gated' - meaning there are only small windows when you can withdraw your money. They typically have a high minimum investment and often require investors keep their money in the fund for at least one year.

Barry Ritholtz

Sir, money, money, the most charming of all things; money, which will say more in one moment than the most elegant lover can in years. Perhaps you will say a man is not young; I answer he is rich. He is not genteel, handsome, witty, brave, good-humored, but he is rich, rich, rich, rich, rich -that one word contradicts everything you can say against him.

Henry Fielding

Trickle-down economics - it didn't work. The whole idea was supply-side economics: give rich people a lot of money; they'll spend it, it'll go into the economy. Here's what we found out - rich people, really good at keeping all the money. That's how they got rich. If you want it in the economy, give it to the poor people. You know what they're really good at? Spending all their money.

Greg Fitzsimmons

Not to say people shouldn't get rich from art. I adore the alchemy wherein artists who cast a complex spell make rich people give them their money. (Just writing it makes me cackle.) But too many artists have been making money without magic.

Jerry Saltz

Money should not be in the hands of individuals; otherwise it will create this problem of being burdened with guilt. And money can make people's lives very rich. If the commune owns the money, the commune can give you all the facilities that you need, all the education, all creative dimensions of life.

Rajneesh

Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your ass. That's why most people lose money as individual investors or traders because they're not focusing on losing money. They need to focus on the money that they have at risk and how much capital is at risk in any single investment they have. If everyone spent 90 percent of their time on that, not 90 percent of the time on pie-in-the-sky ideas on how much money they're going to make, then they will be incredibly successful investors.

Paul Tudor Jones

We are seeing more managed money and, to an extent, institutional money entering the space. Anecdotally speaking, I know of many people who are working at hedge funds or other investment managers who are trading cryptocurrency personally, the question is, when do people start doing it with their firms and funds?

Olaf Carlson-Wee

In 2008, people who invested in hedge funds needed capital badly, but many of the funds would not return their money. However, I gave money back to any investor who requested it. It was the bottom of the market and a pretty tough time.

Carl Icahn

I oughta be rich. But, you know, if you don't spend all your time looking after money, somebody else will. The guys who look after money, they're the ones who get the money.

Robert Crumb

I have a romantic comedy I'd love to make, but I can't get the money for it. It's hard to get people to give you money for an arty romantic comedy when you've done a horror movie. So I can just sit there and keep complaining about that, or I can go make another horror movie this year. People will get behind me on that, because I'm relatively bankable. As long as I can do my own thing with it, I'll keep doing it.

Ti West

With a regular venture fund, you raise, let's say, a billion dollars, and then over the next three or four years, you've got to invest that money; otherwise, the people who invested with you will say, 'What are you doing? You're just collecting fees on our money.'

Bill Maris

If you’re not familiar with it, a college degree is a thing that we tell our kids to buy with money they don’t have, in hopes that it will help them make money they might earn, which will give them the ability to pay back the money they spent in order to make the money they’re paying it back with.

Matt Walsh

My job is making money, helping other people make money. I am spending money, trying to make sure more people get rich, because you cannot spend a lot of money, right? So my job is spending money, helping others. This is a headache.

Jack Ma

People will download the music for free and they'll pay for it if they want to give you a compliment. They don't have to pay for it. And the only way the artist can make money was by touring 'cause the record label didn't take that money. Unfortunately now, cause the record company's not making money from the downloads, now they want to take money away from everything.

Joss Stone

You know, money will never save anyone. Compassion can save someone, love can save someone, money will never save anyone. And as long as the entire society will put money first... Money should be like third or fourth or fifth, I'm not saying lets get rid of money, but how can we put money as number one? As the only value, like if you are rich, you're famous you go VIP, why? It's just insane, the way we've transformed the society.

Luc Besson

The Democrats say the rich are rich because they stole all of their money or somehow fleeced the poor for all of their money. "If it weren't for these cheating, skunk, lying, rich people, you poor people would have the money! You remember when you had this, right? You remember when you had that house on the beach and your Rolls-Royce, and then one day some rich guy came over and stole it all from you? You remember that? So you want to vote for Obama and the Democrats to get your house back and your Rolls-Royce 'cause you remember when Koch brothers came and took it from you."

Rush Limbaugh

A Quote by Cliff Asness

Quote Topics

Quote Author

Related Quotes

Related Authors